Hlib Chabaniuk

$119 billion in revenue and 24 percent growth, Phil Rosen notes

$119 billion in revenue and 24 percent growth, Phil Rosen notes
Alphabet posts $119 billion revenue growth

Phil Rosen highlights that Alphabet is experiencing its fastest growth rate since 2021, with quarterly revenue reaching $119 billion, representing a 24% increase from a year ago.

He notes that the last time Google accelerated at such a pace, its market capitalization was roughly half of its current size.

Rosen previously reported that Microsoft shares declined 25% over the past year despite the company posting a record $82.9 billion in quarterly revenue here. He also noted strong gains for equity benchmarks, with the S&P 500 up 38.5% and the Nasdaq 100 gaining 51.4% since June 2024 here. The recent acceleration in Alphabet’s revenue comes as major tech names continue to post significant market moves.

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